NCLT directs shareholder meetings for Aster DM-Quality Care merger

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ASTERDM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.4%Reaction day

₹567.20

prior close

₹570.00

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.9%+0.5% vs market

Hospital peers, median of 23sector-0.6%+2.1% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Smallcap 250 and 2.1 pts more than its Hospital peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

+0.2

15m

+0.2

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4+0.9+0.5-0.6+2.1

Next day

-2.2-1.1-1.1-1.9-0.2

-2.5-0.9-1.6-1.5-1.0

-3.0+1.0-4.1-0.3-2.7

-5.0+1.0-6.0-2.2-2.8

-2.7+1.8-4.5-0.8-1.8

-4.0+3.1-7.1+0.9-4.9

15d

+5.8+3.3+2.5+2.6+3.2

+14.1+3.5+10.5+2.9+11.2

+9.9-8.0+17.9-6.0+15.9

+20.6+7.8+12.8+5.2+15.4

UpDownMarket · Nifty Smallcap 250Sector · Hospital peers, median of 23Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLT Hyderabad ordered equity shareholder and unsecured trade creditor meetings of Aster DM between Feb 27 and Mar 13, 2026 to approve the merger of Quality Care India into Aster DM. Exchange ratio is 977 Aster DM shares for every 1,000 Quality Care shares. Merged entity expected among India's top 3 hospital chains. Secured creditor meetings dispensed with; CCI approval already secured. No investigations pending.

Likely market impact

Positive progress on merger; shareholder and creditor votes still pending before final NCLT approval.